Landscape Capital Management L.L.C. Sells 39,283 Shares of Etsy Inc $ETSY

Landscape Capital Management L.L.C. lowered its position in Etsy Inc (NYSE:ETSY) by 60.9% in the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 25,243 shares of the company’s stock after selling 39,283 shares during the period. Landscape Capital Management L.L.C.’s holdings in Etsy were worth $1,399,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in ETSY. Danske Bank A S bought a new position in shares of Etsy in the 3rd quarter worth approximately $66,000. Federation des caisses Desjardins du Quebec raised its position in shares of Etsy by 22.8% in the 4th quarter. Federation des caisses Desjardins du Quebec now owns 1,210 shares of the company’s stock worth $67,000 after acquiring an additional 225 shares in the last quarter. Eurizon Capital SGR S.p.A. bought a new position in shares of Etsy in the 4th quarter worth approximately $79,000. LSV Asset Management bought a new position in Etsy during the 3rd quarter valued at approximately $86,000. Finally, MAI Capital Management increased its position in Etsy by 215.0% during the 3rd quarter. MAI Capital Management now owns 1,320 shares of the company’s stock valued at $88,000 after buying an additional 901 shares in the last quarter. Institutional investors own 99.53% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently weighed in on ETSY shares. Deutsche Bank Aktiengesellschaft raised their price objective on Etsy from $74.00 to $75.00 and gave the company a “hold” rating in a research report on Thursday, April 30th. Bank of America raised their price objective on Etsy from $72.00 to $75.00 and gave the company a “neutral” rating in a research report on Thursday, May 28th. Truist Financial raised their price objective on Etsy from $83.00 to $85.00 and gave the company a “buy” rating in a research report on Thursday, April 30th. Weiss Ratings raised Etsy from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, May 13th. Finally, Evercore set a $72.00 price objective on Etsy in a research report on Wednesday, April 29th. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, twenty have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $71.00.

Insiders Place Their Bets

In other news, Director Frederick R. Wilson sold 20,000 shares of the firm’s stock in a transaction on Friday, May 22nd. The stock was sold at an average price of $61.63, for a total value of $1,232,600.00. Following the transaction, the director directly owned 481,329 shares in the company, valued at $29,664,306.27. This trade represents a 3.99% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Josh Silverman sold 134,730 shares of the firm’s stock in a transaction on Monday, June 1st. The stock was sold at an average price of $68.89, for a total value of $9,281,549.70. Following the completion of the transaction, the insider owned 130,694 shares in the company, valued at approximately $9,003,509.66. This trade represents a 50.76% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 451,509 shares of company stock worth $29,518,662. Company insiders own 2.50% of the company’s stock.

Etsy Trading Up 4.0%

Shares of ETSY opened at $72.28 on Tuesday. The business’s fifty day simple moving average is $62.48 and its two-hundred day simple moving average is $57.30. Etsy Inc has a 12 month low of $44.00 and a 12 month high of $76.51. The company has a market cap of $6.86 billion, a price-to-earnings ratio of 30.12, a P/E/G ratio of 2.87 and a beta of 1.88.

Etsy Company Profile

Etsy, Inc operates two-sided online marketplaces that connect buyers and sellers primarily in the United States, the United Kingdom, Germany, Canada, Australia, France, and India. Its primary marketplace is Etsy.com that connects artisans and entrepreneurs with various consumers. The company also offers Reverb, a musical instrument marketplace; Depop, a fashion resale marketplace; and Elo7, a Brazil-based marketplace for handmade and unique items. In addition, it offers various seller services, including Etsy Payments, a payment processing service; Etsy Ads, an advertising platform; and Shipping Labels, which allows sellers in the United States, Canada, the United Kingdom, Australia, and India to purchase discounted shipping labels.